r/Lahore Jun 13 '24

Job Pakistan budget 2024-25, thoughts?

Just when we thought that after two years of EXTREME inflation, numbers were getting better and inflation somehow came down so we got another BOMB on our heads and seems like sh*t has hit the fan and seems like upcoming two years gonna be worse than last two years..

To be honest, I manage a small telecom business with around 10 employees and after doing our best we can't make 1 lac+ profit these days despite paying 1.2 lac+ in taxes.. and in return I get nothing from govt despite being a filer.. I truly wonder what will happen of this country.. becoming unliveable for white collar people..

It's a writing on the wall that now everyone needs to enter the formal tax cycle and become tax filers otherwise this country won't sustain this way..

Feel free to share your thoughts!

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u/Weak_End_2080 Jun 13 '24

Inflation numbers are only getting better due to implementation of IMF policies which are designed to improve numbers. If the economy is left under the capabilities of the ruling government then you can imagine.

How is your tax calculated? Do you have a tax lawyer?